Stock market access for smaller firms - Country rankings
* indicates monthly or quarterly data series
Stock market capitalization w/o top 10 firms, percent of total market cap, 2020:
The average for 2020 based on 28 countries was 47.89 percent. The highest value was in Japan: 82.65 percent and the lowest value was in Zambia: 5 percent. The indicator is available from 1998 to 2020. Below is a chart for all countries where data are available.Measure: percent; Source: The World Federation of Exchanges
Select indicator
* indicates monthly or quarterly data series
| Countries | Stock market access for smaller firms, 2020 | Global rank | Available data |
|---|---|---|---|
| Japan | 82.65 | 1 | 1998 - 2020 |
| Malaysia | 68.37 | 2 | 1999 - 2020 |
| Iran | 67 | 3 | 1998 - 2020 |
| Ghana | 66.8 | 4 | 2020 - 2020 |
| Sri Lanka | 66.34 | 5 | 1998 - 2020 |
| Thailand | 65.61 | 6 | 1998 - 2020 |
| Cyprus | 64.3 | 7 | 2004 - 2020 |
| China | 63.36 | 8 | 2001 - 2020 |
| Taiwan | 62.91 | 9 | 1998 - 2020 |
| Germany | 61.82 | 10 | 1998 - 2020 |
| Turkey | 61.16 | 11 | 1998 - 2020 |
| Hong Kong | 59.8 | 12 | 1998 - 2020 |
| Egypt | 55 | 13 | 2004 - 2020 |
| Philippines | 54.72 | 14 | 1998 - 2020 |
| Chile | 54.56 | 15 | 1998 - 2020 |
| Spain | 49.29 | 16 | 1998 - 2020 |
| Poland | 48.64 | 17 | 1998 - 2020 |
| New Zealand | 46 | 18 | 1998 - 2020 |
| Greece | 40.96 | 19 | 1998 - 2020 |
| Mauritius | 39 | 20 | 2004 - 2020 |
| Peru | 39 | 21 | 1998 - 2020 |
| Jordan | 36.56 | 22 | 2006 - 2020 |
| Croatia | 27.66 | 23 | 2018 - 2020 |
| Colombia | 24 | 24 | 2003 - 2020 |
| Kazakhstan | 11.69 | 25 | 2013 - 2020 |
| Saudi Arabia | 10.62 | 26 | 2008 - 2020 |
| Panama | 8 | 27 | 2019 - 2020 |
| Zambia | 5 | 28 | 2020 - 2020 |
Definition: Value of listed shares outside of the top ten largest companies to total value of all listed shares.
Selected articles from our guide:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
82.65
68.37
67.00
66.80
66.34
65.61
64.30
63.36
62.91
61.82
61.16
59.80
55.00
54.72
54.56
49.29
48.64
46.00
40.96
39.00
39.00
36.56
27.66
24.00
11.69
10.62
8.00
5.00
0
20.7
41.3
62
82.65
Stock market access for smaller firms in Europe Stock market access for smaller firms in Asia Stock market access for smaller firms in Africa Stock market access for smaller firms in North America Stock market access for smaller firms in South America Stock market access for smaller firms in Australia/Oceania Stock market access for smaller firms in the European union Stock market access for smaller firms in Sub Sahara Africa Stock market access for smaller firms in MENA Stock market access for smaller firms in South East Asia Stock market access for smaller firms in Latin America